“The exposure to NBFCs including HFCs can go up to 40%. But considering the liquidity crisis in NBFCs and HFCs, a high exposure can further lead to redemption pressure and liquidity crisis for liquid funds. Bearing that in mind, the exposure will be brought down to 30% in a phased manner," said one of the three people quoted above, all of who spoke under condition of anonymity. The committee will submit its final report on 2 July.
Nine big financial changes that you must watch out for in October
Read More
